“Project U” offer would put at least 80% of the money into shares of closely held Uber before an expected initial public offering in 1 1/2 to 2 years, while the remainder would go into stakes of the company’s separate China arm.

In order to exhibit the model stretches of national highways as per norms, NHAI plans to develop 57 stretches of NH (1,735 kms) across the length and breadth of the country near each state capital, the NHAI official said. These model stretches will serve as a platform to instruct the highway engineers.